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Formerly TwitterMohamed A. El-Erian
elerianm
Looking forward to the #FederalReserve's policy meeting next week:
Not just the recent elevated readings of actual #inflation will make officials a little uncomfortable about the dovish December pivot.
Forward expectations have also moved up. At 3.2% for the next year,…
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Mohamed A. El-Erian
elerianm
From the @wsj article, “Why Is the Federal Reserve Always Surprised by Inflation? The central bank owes the public an explanation—and a serious effort to correct its flawed model.”
#economy #markets #centralbanks #econtwitter #federalreserve pic.twitter.com/9pXVdePJAr
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Jason Furman
jasonfurman
Core PCE inflation, annualized rates:
1 month: 3.9%
3 months: 4.4%
6 months: 3.0%
12 months: 2.8% pic.twitter.com/fnoRWNhW6W
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Jason Furman
jasonfurman
Recommended reading for anyone wishing for the Fed to cut rates. americanliterature.com/author/w-w-jacobs/short-story/the-monkeys-paw#google_vignette
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